Post Utme Uniport 2021 Commerce Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Uniport Commerce examination.

Post Utme Uniport 2021 Commerce Objective / Multiple Choice
Question 27 POST_UTME_UNIPORT • 2021 • COMMERCE • objective

A sole trader's business is registered under the sole traders' register. What is the main advantage of this type of business registration?

Answer Options

A. It provides limited liability protection for the business owner
B. It allows for easy transfer of ownership
Correct Answer C. It is a cost-effective way to register a business
D. It provides a separate legal entity for the business
Correct Answer
C
Correct Option:
It is a cost-effective way to register a business

About This Question

This is Post Utme Uniport 2021 Commerce Question 27. It is one of the objective questions from the 2021 Post Utme Uniport Commerce examination.

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